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The key 225-issue Nikkei average advanced 16% in 2020 despite more than ¥6 trillion of foreign net selling in the cash and futures market, according to Japan Exchange Group data.
(Bloomberg) -- Japan’s equity rally last year in the face of foreign selling is challenging conventional wisdom that purchases by overseas investors are necessary for the market to keep rising. And that breakdown in correlation bodes well for the country’s shares.The Nikkei 225 Stock Average advanced 16% in 2020 despite more than 6 trillion yen ($58 billion) of foreign net selling in the cash and futures market, according to Japan Exchange Group data. It was the first time since 1989 that the blue-chip gauge recorded a double-digit gain amid net foreign selling.The phenomenon sug...
THE US dollar climbed to a one-week high against its rivals on Tuesday as doubts over the speed and size of US stimulus discouraged risk-taking ahead of this week's Federal Reserve policy meeting. Read more at The Business Times.
LONDON, Jan 26 (Reuters) - The dollar climbed to a one-week high against its rivals on Tuesday as doubts over the speed and size of U.S. stimulus discouraged risk-taking ahead of this week’s Federal Reserve policy meeting. Early London trading had a broadly cautious tone, with currencies including the Australian dollar and the euro under selling pressure. The single currency was further weighed down by early signals that the economy may not rebound as strongly this year as predicted. Germany’s Ifo business climate indicator undershot expectations on Monday and an economic surprise index i...
LONDON, Jan 26 (Reuters) - The dollar held at a one-week high on Tuesday as doubts over the speed and size of U.S. stimulus discouraged risk-taking in currency markets, with the Chinese yuan the only notable exception. London trading had a cautious tone after a turbulent Asian session with currencies including the Australian dollar and the euro under selling pressure before this week’s Federal Reserve policy meeting. “FX markets are generally risk-off today with the dollar higher, but the Chinese yuan is among the only currencies in emerging markets holding firm,” said Kenneth Broux, a ...